Greek Banks On Verge Of Total Collapse: Bank Run Surges “Massively” As Depositors Yank €700 Million Today Alone

by Tyler Durden
ZeroHedge.com
06/05/2015

While the Greek government believes it may have won the battle, if not the war with Europe, the reality is that every additional day in which Athens does not have a funding backstop, be it the ECB (or the BRIC bank), is a day which brings the local banking system to total collapse. And another day, or two, like today, and it may all be over: According to banking sources, the Greek bank outflows on Friday soared to 700 million Euros from 272 million Euros on Thursday.

The Rest…HERE

This entry was posted on Friday, June 5th, 2015 at 2:53 pm and is filed under Civil Unrest, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.